Xiling Power said during an institutional survey on August 7 that its auto parts business has maintained steady growth in output and sales overall, but declining product prices have adversely affected profitability in the short term. The company noted that its products have strong competitiveness over the medium to long term, and it will implement the board's overseas strategy to expand into international markets while continuing to advance new product development to enrich its product matrix.
Chengdu Xiling Power Science & Technology Incorporated Co Class ADeclining product prices adversely affect short-term profitability.
